Recently released data from the Education Department showed that by the end of last year, 7.7 million borrowers had defaulted on $181 billion in federal student loans.
Category: Credit and Debt
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Record Number of Student Loan Borrowers Are in Delinquency and Default
The New York Times – Business: -
The Iran War’s Economic Threat to Europe and Asia
The New York Times – Business:Inflation and its consequences for growth is a growing concern for countries where memories of the 2022 energy crisis are fresh.
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Rising Prices and High Interest Rates Are Making Car Ownership Feel Impossible
The New York Times – Business:Rising vehicle prices, auto loan interest rates, and insurance and maintenance costs are making it harder for people to buy or keep cars.
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Fears of ‘Cockroaches’ in the Private Credit Market
The New York Times – Business:Wall Street figures are turning to colorful metaphors, including invoking the hated insect, to express caution about the $3 trillion risky-lending market.
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Private Equity’s Private Credit Problem
The New York Times – Business:Investors have worried about who would get hit if there’s a private credit bust. Many on Wall Street think the pain goes further than the lenders.
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Private Equity’s Private Credit Problem
The New York Times – Business:Investors have worried about who would get hit if there’s a private credit bust. Many on Wall Street think the pain goes further than the lenders.
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Private Equity’s Private Credit Problem
The New York Times – Business:Investors have worried about who would get hit if there’s a private credit bust. Many on Wall Street think the pain goes further than the lenders.
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Why Nvidia’s Big Profits Aren’t Lifting Markets
The New York Times – Business:The chip giant at the center of the artificial intelligence boom again beat expectations. But it didn’t overcome investor jitters.
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Is Blue Owl Private Credit’s ‘Canary in the Coal Mine’?
The New York Times – Business:Steep declines in the shares of private lenders, after a major fund changed how investors can withdraw money, have sparked worries about more trouble to come.
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Blue Owl Sets Off New Private Credit Fears
The New York Times – Business:The private lender’s announcement that investors would no longer be able to make redemptions quarterly prompted fresh worries about the private credit industry.
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The Sleepy Market for Japanese Government Bonds Is Now a ‘Battlefield’
The New York Times – Business:Trading of Japanese government bonds, long considered moribund, is roaring back to life as fears of the country’s debt have sent yields surging.
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White House Sees Win After 2 Strong Economic Reports
The New York Times – Business:Solid jobs data and a soft inflation reading for January are welcome news for President Trump. But the bigger economic picture is less encouraging.